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- Bitcoin vs Celo
Bitcoin vs Celo Scalability
Real-time TPS
Bitcoin TPS is 80.77% lower than Celo TPS
Max TPS (100 blocks)
Bitcoin max TPS is 95.07% lower than Celo max TPS
Max Theoretical TPS
Bitcoin max theoretical TPS is 98.52% lower than Celo max theoretical TPS
Transaction Volume
Bitcoin transaction volume is 80.77% lower than Celo transaction volume
Block Time
Bitcoin block time is 493X longer than Celo block time
Finality
Bitcoin finality is 2.42X longer than Celo finality
Type
Bitcoin is a layer 1 blockchain, while Celo is a layer 2 blockchain
Launch Date
Bitcoin was launched 11 years before Celo
Bitcoin vs Celo Decentralization New
Nakamoto Coefficient
Bitcoin Nakamoto Coefficient is 3X higher than Celo Nakamoto Coefficient
Validators/Miners
Bitcoin has 95X more miners than Celo has validators
Stake/Hashrate
Bitcoin hashrate is 898 EH/s, while Celo has no data
Consensus Mechanism
Bitcoin is PoW, while Celo is Rollup (Optimistic)
Governance
Bitcoin off-chain governance is worse than Celo on-chain governance
Bitcoin vs Celo Real-Time TPS Chart
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Other Comparisons
Bitcoin Comparisons
About Blockchains
About Bitcoin
Bitcoin stands as a leading cryptocurrency and payment network, utilizing peer-to-peer technology to operate without central authorities. It embraces global participation as an open-source platform. A notable advancement in Bitcoin is the introduction of ordinals and inscriptions. Launched in January 2023, the Bitcoin ordinals protocol enables the embedding of digital content like art, text, or video directly onto the Bitcoin blockchain. This innovation allows for the creation of exclusive digital collectibles, giving each satoshi a unique identity and purpose, broadening Bitcoin's utility beyond its role as a store of value.
About Celo
Celo stands as a blockchain ecosystem with a mission to foster cryptocurrency adoption among smartphone users globally. Utilizing phone numbers as public keys, Celo aims to onboard billions of smartphone owners, including those lacking traditional banking access, into cryptocurrency transactions. The platform is engineered to offer a comprehensive range of stablecoins, decentralized identification solutions, and other resources, empowering both users and developers alike.